annuities-types of annuities

Empire Solutions

Fixed Deferred Annuities:

Fixed Deferred Annuities are cash accumulating vehicles. During the accumulation phase of a Deferred Annuity, the money you put into the annuity earns interest. All earnings grow tax-deferred as long as the money remains in the annuity. Additionally, the original contribution plus the interest earned are guaranteed by the issuing insurance carriers. In other words, not only is your original contribution guaranteed, but the interest earned is locked in and can never be lost regardless of future performance.

Key Features:

Fixed Index Deferred Annuities:

Fixed Index Deferred Annuities are cash accumulating vehicles. During the accumulation phase of a Fixed Index Annuity, the money you put into the annuity earns interest crediting based on the performance of a chosen index. Fixed Index annuities contain two primary investment accounts, one tied to an Index and another with a Fixed Guaranteed Rate. The Index accounts are designed to mirror the performance of a common or well-known index, such as the S&P 500, NASDQ 100, Russell 1000 Index, or the S&P 100. The power of Fixed Index Annuities is their ability to offer participation in the upside potential of the markets while guaranteeing the principal amount that you put into the annuity.

Single Premium Immediate Annuities (SPIAs)

Single Premium Immediate Annuities (SPIAs) are income producing vehicles. An immediate annuity is designed to provide income payments that start within one to twelve months of purchasing the annuity. SPIAs are purchased by making a lump sum (one time) premium payment to the insurance carrier. Immediate Annuities can help successfully manage the risks associated with outliving your assets as the income payments are guaranteed by the issuing insurance carrier for a specified period of time.

Key Features:

1. Guaranteed Income backed by the issuing insurance carrier2. Protection against outliving your assets3. Broad range of income options including:a. Income for Life (Survivor Benefit Options Available)b. Income for a certain period i.e. (5, 10, 15, 20, 30) yearsc. Income for Life with a certain periodd. Installment Refunde. Cash Refund